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Property profile & analytics
OFF-MARKET
Estimated value
$1,670,000
Showrooms
78 Main St Meriden, CT 06450-5648
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US15-1308710
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1878
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
17,500 SF
Lot
0.13 ac (5,785 SF)
Zoning code
TODP
APN
MERI M:105 B:26 L:10
UPID
US15-1308710
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.54M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.67M
Owner & transaction history
Seventies On Main LLC · 2 yrs held
Seventies On Main LLC
since 2023
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
TODP · Meriden, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.6M
+83.3%
Office building
$2.0M
+40.2%
Retail stores
$1.9M
+36.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Meriden submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Meriden submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,640,000
ML approach
$1,540,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,395,000
Current use
RESTAURANT
$2,560,000
Change: +83% · Conversion: Difficult
OFFICE BUILDING
$1,960,000
Change: +40% · Conversion: Easy
RETAIL STORES
$1,900,000
Change: +36% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,605,000
Change: +15% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,585,000
Change: +14% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,240,000
Change: -11% · Conversion: Moderate
Blend value · Realmo final
$1.67M
Range $1.50M – $1.84M · ±10% · vs last sale $1.75M (Oct 16 2023)
Last sale anchor
$1.75M
Oct 16 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$95 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$14,392
Tax year 2024
Assessed value
$373,730
Assessed 2024
Previous assessed
$373,730
+0.0% YoY
Effective rate
3.85%
On assessed value
Assessed land
$75,740
Assessed improvement
$297,990
Applied tax rate
302.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1878
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Buildings
1
Stories
4
Units
24
Rooms
48
Total area
17,500 SF
Lot
0.13 ac (5,785 SF)
Zoning code
TODP
APN
MERI M:105 B:26 L:10
UPID
US15-1308710
Jurisdiction
MERIDEN
Zoning & alternative use
TODP · Meriden, CT
Zoning TODP · permitted uses
TODP · Meriden, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Meriden. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.4M
RESTAURANT
Est. value
$2.6M
OFFICE BUILDING
Est. value
$2.0M
RETAIL STORES
Est. value
$1.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.6M
INDUSTRIAL (GENERAL)
Est. value
$1.2M
COMMERCIAL (GENERAL) Current
RESTAURANT
OFFICE BUILDING
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1878
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
4
Buildings
1
Units
24
Rooms
48
Lot
0.13 ac
Current owner
From public records · entity-resolved
Seventies On Main LLC
Entity
Mailing address
78 E MAIN ST, MERIDEN, CT 06450-5648
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 16, 2023
$1,750,000
Seventies On Main LLC
80 East Main St LLC
Warranty Deed
$1,225,000 · 80 East Main St
Jul 2, 2014
—
80 East Main Street LLC
Rakaj,aleks
Quit Claim Deed
related
—
Jul 1, 2014
—
Alex Rakaj
—
Deed Of Trust
related
$305,000 · Nue Vuksanaj
Jun 25, 2014
$345,000
Aleks Rakaj
Gunning,timothy
Committee
—
Mar 5, 2008
—
Apb Holdings LLC
—
Deed Of Trust
related
$995,000 · Castle B&t Co
Sep 30, 2005
$1,242,000
Apb Holdings LLC
72-82 E Main St Rlty L
Warranty Deed
$1,003,536 · Equity One INC
Sep 30, 2005
$303,000
Matcher Re Co Ct LLC
78-82 E Main St Rlty LLC
Warranty Deed
—
Aug 9, 2004
—
72-82 E Main St. Rlty
—
Deed Of Trust
related
$2,000,000 · Kaila Flohr
Nov 23, 1998
$280,002
Brian M Flood
Tjb Inv LLC
Warranty Deed
$224,000 · Zuckerman Family Nomi
Nov 23, 1998
—
Brian M Flood
—
Deed Of Trust
related
$56,000 · Zwi Kohorn
Sep 29, 1994
—
Tlb Investors
—
Deed Of Trust
related
$123,830 · Brent A Berti
Feb 23, 1988
$936,248
Frederick P Mott
W M Hotchkiss Co
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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